Tuesday, May 15, 2012

Reuters: Bankruptcy News: PRESS DIGEST - Canada - May 15

Reuters: Bankruptcy News
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PRESS DIGEST - Canada - May 15
May 15th 2012, 10:15

Tue May 15, 2012 6:15am EDT

May 15 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

- Faced with increasing costs and delays associated with hearing cases, a growing number of judges are trying to drag the court system into the electronic age, including using video links to allow witnesses to testify from afar.

- Struggling U.S. lender Ally Financial Inc is auctioning off its Canadian banking division as part of the sale of more than $30-billion (U.S.) worth of international assets as it seeks to relieve mounting financial pressure.

- Quebec's education minister and deputy premier Line Beauchamp resigned from politics Monday in a bombshell announcement that came amid months of student-related unrest.

- If European countries are not prepared to bail out fellow eurozone members, maybe they should just abandon the whole concept of a common currency, Canadian Finance Minister Jim Flaherty said.

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